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Property Mart: Real Estate News

1.
NIGERIAN ENGINEERS SEEK GOVT. ENGAGEMENT IN INFRASTRUCTURAL PROJECTS
The Nigerian Society of Engineers (NSE) has urged the federal government to effectively utilise the skills of its members for infrastructural projects.
The association noted that it’s pathetic that engineers are seen as not living up to their responsibility despite, the depth of expertise and innovations the members’ possess.
Chairman, Apapa Branch of NSE, Dr. Ombugadu Garba stated this in Lagos, south-west nigeria.
According to him, irrespective of the perception which the public holds about the practitioners, they have proven to be well trained and could compete favourably with their counterparts anywhere in the world.

2.
NATIONAL PARK TRAINS 2,000 STUDENTS ON ECOTOURISM
The National Park Service (NPS) has empowered over 2,000 students to study natural sciences in tertiary institutions across the country.
The Conservator General of NPS, Ibrahim Goni stated at the signing of Memorandum of Understanding (MOU), with Federal University Wukari, Taraba State, nigeria’s north-central.
He said the students would soon be serving as field laboratory officers.
He also added that it would open up collaboration in ecotourism, research and conservation education with universities, stressing that the initiative would assist both to learn from each other.

3.
LAGOS, MAY BE SUBMERGED BY 2050 – NIGERIAN CONSERVATION FOUNDATION
The Nigerian Conservation Foundation says Lagos and other coastal cities globally that are less than one metre above sea level could be submerged by 2050 if the surge continues.
The projection by scientists in the United Nations who are the authority in climate change effects, after extensive studies, says there is the likelihood of the world’s ocean rising by one meter between 2030 and 2050.
He noted that part of the reasons for ocean encroachments and beach erosions was the activities around the coastlines.
The NCF chief, however, urged the Lagos government to adopt strategies on renewable energy to tackle pollution.

4.
AFRICAN UNION HARPS ON TRAINING IN CLIMATE FUND
To achieve low emissions and resilient climate, the African Union (AU) has advocated for the training of member states, agencies and academic institutions on the implementation and monitoring of Green Climate Fund (GCF).
According to the organisation, members and officials in charge of climate matters lack the institutional and technical capabilities to attract funds.
About 17 countries participated in the workshop, they include, Ethiopia, Botswana, Kenya, Tanzania, Gambia, Ghana, Egypt, and South Africa.

5.
CANADA BECOMES THIRD MOST OVERVALUED COUNTRY FOR REAL ESTATE
Looking at 22 major global cities, of which Metro Vancouver was the only Canadian city, reports say Vancouver real estate is valued at 65 per cent higher than it should be, based on local incomes.
In terms of real estate values versus median household incomes, Metro Vancouver was deemed the fifth most overvalued of 22 major global cities studied, after Hong Kong, Auckland in New Zealand, Paris, and Brussels in Belgium.
The region’s home prices have risen by more than 60 per cent over the past five years.
Vancouver is followed by London, UK and Sydney, Australia, both of which were deemed overvalued by 50 per cent or above.

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